Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Swedbank AB (publ) (OTCMKTS:SWDBY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of SEK 20.80 and traded as low as SEK 19.62. Swedbank AB (publ) shares last traded at SEK 19.62, with a volume of 34,500 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Swedbank AB (publ) Trading Up 0.8 %

The firm’s fifty day simple moving average is SEK 20.80 and its 200 day simple moving average is SEK 20.48. The stock has a market capitalization of $22.21 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.53 and a current ratio of 1.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported SEK 0.71 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.04. Swedbank AB (publ) had a net margin of 25.41% and a return on equity of 17.66%. The business had revenue of SEK 1.71 billion during the quarter, compared to the consensus estimate of SEK 1.68 billion. As a group, equities research analysts forecast that Swedbank AB will post 2.57 EPS for the current fiscal year.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.